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high speed is california. we have two california members we are going to hear from and we will go into details about california's progress but having visited out there, it does only service about 100 mile stretch and mostly in a rural area without transportation interconnections that we need in mobile systems, we are serving major population centers but we will talk about plans and concerned about some of the direction of what is going on in california, plans to connect los angeles, san francisco bay area which are also traveling the reports we have on that. our intention today is really to try to work in a positive fashion to make sure high speed rail occurs in the united states. i tell people in florida, in my district and around the country that our number one goal should be, as you may know, amtrak bones, the government people own, have an interest in 600 miles of track between washington d.c. our nation's capital, philadelphia, new york city, boston, the most congested corridor in the united states of america, that is the only 600 miles that we really own. we another small st
a celebration of the achievements and accomplishments of asian-americans in the state of california and our nation. >> ok'ing. -- ok. i would like to introduce our host for this evening. very well known as the first asian-american mayor in san francisco history. mayor lee championed balancing the budget to keep san francisco safe, solvents, and successful. he reformed city pensions. his focus is on economic development, job creation, and building san francisco's future. a great job, especially for helping out families. we want to keep families here. i also wanted to mention a little bit of his past. he was born in 1952 in the beacon hill neighborhood of seattle, washington. his parents immigrated to the u.s. from china and the 1930's. his father fought in world war ii and worked as a cook. he passed away when the mayor was 15. his mother was a seamstress and a waitress. mayor lee has five siblings, he graduated from college in maine, he also went to uc- berkeley law school and finished in 1978. he and his wife have two daughters. i also want to mention, prior to becoming mayor, one of the k
month in san francisco and the state of california. welcome. [applause] >> i am going to make one correction. he said president obama is the first african-american president. president obama crew up in hawaii. -- grew up in hawaii. it makes him an honorary asian- american. he is the first asian-american president as well. tonight's events would not be possible without our community partners. a group that helped make all this happened, i am going to read them all. the asian business alliance, asian law alliance, the asian pacific american leadership institute, chinese-american cultural association, chinese american political association, citizens for better community, culture to culture, why in the chamber of commerce of northern care of -- kawai and chamber of commerce of northern california, northern california chinese athletic association, national association of american professionals, national federation of independent business, national federation of filipino americans, the filipino chamber of commerce, around of applause for all of our community partners, please. that was a
by interstate. california will have to high- speed trains. we are expanding 110 miles per hour service. that is high-speed train. in october i wrote on a train for a very short stretch. i saw the progress myself. i recently visited a plant that is building 130 rail cars increasing about 250 jobs in the process. these are cars being ordered from california and other places. these are american jobs. american workers building america's train sets. that is what this is about. this plant and not exist before president obama initiated a high-speed rail program. -- this plan that did not exist before president obama initiated a high-speed rail program. when i was there that day, they are talking about building another facility there as a result this is lustration has for rail. it is not just the future. these eight jobs exist today as a result of our investments. there strengthening the connections between regions and revitalizing -- they are strengthening the connections between regions in revitalizing. we're trying to determine the next corridor of service. in a short amount of time we have
construction in california and the obama administration's high-speed rail program. transportation secretary ray la hood testifies about the $10 billion already spent with the goal of providing 80% of americans with access to high-speed rail within 25 years. this is just over three hours. >> good morning. like to call this hearing to order. today is another one of our hearings and focused on passenger rail in the united states, and this is an oversight hearing, which we conduct at the full committee level. pleased to welcome everyone to this hearing, and this opportunity to review the progress of high-speed rail in particular today, and the title of the hearing is, an update on the high-speed rail and inner city passenger rail program, mistakes made and lessons learned is the title. the order of business is we're going to hear members' opening statements from the committee. then our first panel will actually be two members who we'll welcome and hear their commentary, both of them from kaz, -- from california, leaders in the congress, we're pleased to welcome. and then we'll have the secretary in
, the answer is very troubling. california public school teachers who lost six of their own in the newtown shooting, they are actually invested in the private equity firm that owns some of the world's biggest gun manufacturers. as we reported after the aurora shooting this past spring, cerberus kappel owns the freedom group, the world's largest firearm distributor. the freedom group produces over half of all semi-automatic rifles sold every year including the one that was used in the newtown massacre. the california teacher a pension fund has about $751 million invested in the company that is responsible for that, cerberus. late yesterday a spokesman for the fund told the sacramento beat that the pension fund was considering pulling its investment out of cerberus, saying "events that occurred in connecticut are a wakeup call to re-examine our investments." the california teacher's pension fund has a lot of money for those investments. $155 billion overall to be exact. remember $751 million of that is with cerberus.
election night win over republican rival mitt romney. california's public education system was saved from severe budget cuts with the november passage of governor brown's proposition 30, but voters didn't say yes to all taxes. an attempt to tax soda in richmond failed, as did a statewide tobacco tax on the june ballot. new districts drawn by a citizens commission and the voter-approved top two primary system shook up races for congress and the state legislature, putting a record number of freshmen in the assembly and giving democrats a rare supermajority in sacramento. it was the beginning of realignment of the state's criminal justice system, and voters approved reform of the state's tough three strikes sentencing law. the economy sputtered but finally showed signs of improvement in the housing and job market, but in silicon valley, the highly anticipated facebook ipo fell flat. the city of stockton made headlines as the largest city in the u.s. to ever file for bankruptcy. and a deadly shooting at oikos university in oakland left seven people dead and a community in shock. and obama car
the museum and the california academy of sciences, the garden was designed by the california spring blossom and wildfilower association. here is a truly enchanting and tranquil garden along a path behind a charming gate. this garden is the spot to woo your date. stroll around and appreciate its unique setting. the gorgeous brick walkway and a brick wall, the stone benches, the rustic sundial. chaired the part -- share the bard's word hundred famous verses from a shakespearean plays. this is a gem to share with someone special. pack a picnic, find a bench, and enjoy the sunshine, and let the whimsical words of william shakespeare and floats you and your loved one away. this is one of the most popular wedding locations and is available for reservations. take a bus and have no parking worries. shakespeares' garden is ada accessible. located at the bottom of this hill, it is a secret garden with an infinite in captivating appeal. carefully tucked away, it makes the top of our list for most intimate pyknic setting. avoid all taurus cars and hassles by taking a cable car. or the 30, 45, or 91 bus
name. she same under attack for her handling of the attack at the u.s. consulate. >>> california coast will look different, how the sun and the moon play a part. >> back here in just a few minutes, showers back in your forecast, not only that it will get cold tonight, a frost advisory for parts of the bay area. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. rethink possible. >>> an update on breaking news hanking right now -- happening right now, police are at the scene of a homicide, 83 avenue and "d" street. one block of 83 avenue remains closed as investigators go over the scene. no word on the victim or wha
of the sun, earth and moon, creating very high tides to the california coast, called king tides. in san francisco, it swallowed up steps at the yacht club t. surged more than 9 feet in some areas inform southern california, the community of seal beach experienced flood from this tides. the water came up to the steps of the hotel. the best way to move around -- check it out -- surf boards. more king tides are expected tomorrow. >> what a picture. >> u.n. ambassador -- to the u.s., susan rice will not be the next secretary of state. she were you from consideration, saying the confirmation would be lengthy, disruptive and costly. she was considered the frontrunner to replace hillary clinton, who is expected to step down. but she faced criticism from senate republicans over her initial statements about the u.s. consulate attack in benghazi, libbia. the president accepted the withdrawal, but noted the unfair and misleading attacks leveled against her. still no deal on the fiscal cliff, following an unschedule the meeting at the white house this afternoon, between president obama and house sp
there to be in the leadership. that's what happens in both parties. that's what happens in california and at the federal level. >> reporter: newman also points out that being an outsider in a leadership position may actually be a good thing because it gives you a fresh perspective. also, while we call them freshmen, a lot of these members have legal and business experience as well as in the political field and that can help them when they chair a committee so it's something to think about. these aren't 22-year-olds going into the office. >> those endorsing them, that's what they want us to look at their overall experience in life and what they bring to government. >> reporter: you have to look at them individually and some of them don't have experience with a committee that they were assigned to so that's why we were looking at this a little closer. >> it's going to be an interesting year in sacramento. thank you. >>> in the wake of the connecticut school shooting, a top state lawmaker wants the white house to consider california as a model for dealing with mental illness. senate president pro tem darrell st
-- language in the appropriation bills that says no federal money can be spent on california high- speed rail. that does not help us. that does not help but get any more product -- money to the project. that is why i say we are looking for private investment. >> amendments are not meant to help you. they are meant to stop this product until we see a plan terry we have been talking about this for two years. but something i can bring back to my state, my district and say this is the plan. like the last time we talked about it, i suggested he said that with mr. dan richard and go over the plan and review it. i would be happy to have mr. iraq -- mr. richard sit down with you and review what the plan is. if he does that, would you withdraw your language? >> when you can jammeh this project is fully funded and we have a private investor -- when you can show me this product is fully funded and we have a private investor. i have been hearing this story for many years. in the first came up in thought of the state senate, it was if he does support this, we will have a private investor before it goes to
-- the reaction from washington. to the bay area. along with what's being done here in california. but first tonight -- president obama -- promising action. grant lodes is here with more. >> president obama is talking tough after the mass shooting that we just saw. today,mister obama took the podium this morning with vice president joe biden at his side. the president.talking tough on the need to reduce gun voilence.especially mass shootings like the one we just saw. today we learned the vice president will lead a task force that will present a set of gun control recommendations to the president. >> it is encouraging of all backgrounds are willing to challenge and change longstanding positions. that conversation has to continue but this time those words need to lead to action. the point that this is complex no longer is an excuse for doing nothing. the fact that we cannot prevent every act of violence does not mean that we will steadily reduce the violence. and prevent the very worst violence. that is why i have a past vice president to lead members of my cabinet and outside organizations to
us a little later. and a new year brings new hope for the formerly golden state of california, the chairman of the state's republican party, yes, there is such a thing, as a republican party in california, i think. join us. remember, we want to hear from you please, send your e-mails right now varney@foxbusiness.com, we'll read some of them on the air as we go through this new year's eve. 7 early movers, where are we to start with. amazon, that stock is up 41% this year. the company says one of its directors is resigning and it's down 19 cents, that's it. 2.44 on amazon. electronics firm brady corporation acquired precision dynamics from the private equity owner, 300 million in cash, little change. private equity to buy financial advisory firm dustin phelps, 665 million bucks and phelps is not surprisingly up a lot. and netflix chief hastings gets his pay doubled, but half is died to the company's stock performance, netflix up 28% this year up a little more right now. fda approval made by, for a bill. made by bristol-myers and pfizer to prevents strokes. here is a look at shar
to tell you next. >>> and did california teachers just ignite a war on the wealthy? you will want to see this video and you won't be able to turn away. we'll show you. >>> plus, a big night for paul ryan and senator marco rubio. did they just make a big announcannouncement? you'll hear it for yourself. >>> the senator is blasting president obama for his handling or lack of handling of the fiscal crisis. senator is warning it's increasingly clear that the president is comfortable going off the cliff. he joins us. nice to see you, sir. >> thanks for having me. >> so you think the president is comfortable or does he want to go off the cliff? >> well, he's being advised to go off the cliff. howard dean has said it. papatty murray said they shouldo over the cliff. i think the president sees a political victory for his party if they go over the cliff. i know republicans are concerned that there's going to be a second recession if we go over the cliff. >> what does he gain from going over the cliff? >> well, taxes go up on everyone which gives the president lots of additional money to spend on
in the states where they are already legal and secondly, what's to come of them in california. >>> just a day after washington state become the latest allowing gay couples to get married, the supreme court said it will delve into one of the nation's most hotly debated issues. >> the highest court in the land has decided to take up what will be one of the biggest civil rights cases that this court could ever hear. >> the court agreed to take up the legal battle over california's proposition 8 passed by voters four years ago ending same-sex marriage in the state. a federal appeals court ruled the ban unconstitutional on grounds that applied only in california. but now that the supreme court is weighing in, the justices could get to the more basic issue. can any state ban same-sex marriage. nine permit it or will, so does washington diagnosis. the court also agreed to hear a challenge to the federal defense of marriage absent. it defines marriage as, quote, only a legal union between one man and one woman. the law had a big effect on eddie windsor of new york who married thea spire. when she die
the democratic coalition is dominant, illinois, for example, new york state and california, you see a very different policy mix. which direction are they going? >> their policy mixes to mirror what's happening in washington, which is do not address any of your structural spending problems and need to add spending and ask your taxpayers in particular to-- the wealthier taxpayers to contribute more to that and it's a tax and spend policy. one of the problems that the states have, obviously it's not helping their economic growth and you're beginning to see a huge contrast on the ground between the economic situations of states that are reforming, and those that are not. >> paul: give us a couple of examples, kim, where is growth occurring where you're seeing it. the jobless rate, for example, in illinois the last time i checked was 8.8%. >> yes. >> paul: and meanwhile, wisconsin 6.9%, very interesting contrast. >> look at indiana, where it's also low, and-- yeah, north dakota, which by the way, steve mentioned you know, the fracking boom going up there. and i think it's below 5%, it's astonis
the democratic coalition is dominant, illinois for example, new york state and california you can see a very different policy mix. which direction are they going? >> their policy mix is to mirror what is happening in washington. do not address any of the structural spending problems. continue to add spending and then ask your taxpayers, the healthier of the taxpayers to contribute more money.-- one of the problems these states have is obviously it is not helping their economic growth, and you are beginning to see a huge contrast on the ground between the economic situations of states that are reforming and some that are not. >> where is the growth occurring and where you arel: seeing it?h the jobless rate in illinois last time i checked was 8.8%. wisconsin was 6.9%. very interesting contrast. >> indiana where it is also low. north dakota which steve mentioned the fracking boom, it is below 5%. it is astonishing. >> it is 3%. >> so what about steve where do you think this is going? we are going to see now over the next two, three, four years. >> n ao doubt about it. >> what laboratories work
of the levee that protects the gardens neighborhood. the california conservation corps joined city crews inputting bags in place to prevent flooding. some homes were evacuated after water seeped through the levee. >> we have to leave everything behind. >> we had a bad christmas so he is ready to let it go. move on. >> there's still one home that's vacant because water got into some electrical outlets. >>> east palo alto is work on a long-term fix that will include the croak's capacity to carry water. and we're seeing much more snow in the sierra and how. the california department of water resources reports that snow levels now are at 140% of average. last year they were like just 30 percent of average. while not everybody at this time felt like fighting traffic and chain controls to get up there plenty of bay area residents wanted to see a white christmas. and they did. some families decided to head out after opening presents and to play in the first snow they found. so let's get an update. >>> isn't it fun to play in the snow? >> uhm, yeah... [ laughter ] >> for the kids. >> elizabeth
melissa: i'm melissa francis and here's what's "money" tonight. california's got its first ever fracking regulations but some say they go too far and could choke off access up to $15 billion barrels of oil. we'll drill down on the answers. >>> plus, more talk and no walk in washington. shocker there. both side insist we need to stop spending. not that they're cutting a single penny from a single government program. fox news's bret baier with the real cost of spending. >>> we all love a good hamburger, right? but is that pesky wrapper keep getting in your way? one fast-food chain may have solved the problem for good. they're making the wrapper edible. you have to see this one to believe it, trust me. even when they say it's not it is always about money. melissa: first, let's take a look at the day's market headlines. fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being ac
for many of those goods. the ports of los angeles and long beach, california. they are critical, because those ports handle about 39% of all the goods that arrive by ship. it came to about $200 billion worth this year. what's behind this strike? here's john blackstone in l.a. >> reporter: it began with 70 workers. now all 800 members of their union are on strike. but 10,000 other dock workers are refusing to cross the picket line. that has brought the normally busy port to a new stand still. geraldine knatz directs the port of los angeles. >> there's probably about a billion dollars worth of goods that come through this port everyday and we probably got about 900,000 or so people in the southland whose jobs are tied to the activity going through this port. >> reporter: the ports are clogged with 16 ships waiting to be unloaded. another six are anchored off the coast. >> if the ships are not working, the truckers are not working, the warehouse people are not working. it will ripple through the supply chain. >> reporter: it doesn't take much of a delay to cause problems for people. >> no.
in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it is a defeat for taxpayers how so? >> the pension under fundeds are massive. we'll see hikes in taxs and sales tax increases and more worse is bankruptcies. we see that in stockton and san bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. you have front runners that become mayor . they will not support it it was a nonstarter and never going to work in the stave . you have a better chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future and new hires and for their plans. you don't have ill defined benefits and by the way the private sector doesn't get. there is a pension liability in the state of the california. vicki i
would anyone want to go off the cliff. the senator is here to tell you next. >>> and did california teachers just ignite a war on the wealthy? you will want to see this video and you won't be able to turn away. we'll show you. >>> plus, a big night for paul ryan and senator marco rubio. did they just make a big announcannouncement? announcannouncement? you'll hear it for youououououou [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> the senator is blasting president obama for his handling o
. > > thanks angie. when teachers in california peeked into their pensions and found investment in a gun maker linked to the connecticut shootings, they reacted. and so did the private equity firm that made the investment. and it underscores just how easy it is to assume someone else has vetted investments made on behalf of employee groups. maggie ellis, a california teacher, active in state and local teacher organizations, had no idea her pension funds were going to freedom group-- gun makers, including one that made the assault rifle used to kill 20-children and six adults in connecticut, last friday. assault weapons are outlawed in california. ellis is not alone. a lot of people didn't know. it's led california's treasurer bill lockyer to criticize the investment saying teacher retirements "should not be invested in guns illegal in california. these weapons have no place in our communities. our families and children are safer without them." "is it possible to vette everyone? no. but you should be able to research hot-button issues and hot-button companies." ellis says the teachers relied
at the apparent crash site. miguel is outside of rivera's home in encino, california with the latest. >> reporter: jenni rivieera has always maintained a home here in california. as you mentioned, late word tonight, they may have found the missing star. mexican-american singing sensation, jenni rivera who has sold some 20 million records is tonight missing. the multigrammy winning nominee was last seen boarding the learjet near monterrey, mexico. the plane believed with seven on board took off. ten minutes into the flight, 62 miles after takeoff, the private jet fell off the radar. >> no doubt she's one of the biggest stars. >> reporter: a mother of five who recently filed for divorce. rivera was born in long beach, california to immigrant parents. in the '90s she became a crossover star. her album jenni became number one in the pop latin style. just last year she sold out staples center in los angeles. the first female mexican artist to ever do. >> i love jenni. >> reporter: a reality tv star with her film debut set for next month, tonight in mexico, the search for rivera's plane is still under
to the hospital and we understand is if critical condition tonight. >>> republic demands california are worried about the possibility of taxes going up because there aren't enough in sacramento to block it. lawmakers ushered in the new era today at the capitol after the election and as we report, democrat contract now hold essentially all the power. >> please wrist your right hand and repeat after me. >>reporter: new session begins with a dramatically reshaped legislature with democrat contract holding super majority powers in both houses. giving them the authority to raise taxes without republicans and override gubernatorial veto. still newly upon atheed assembly speaker vows to listen to the g.o.p. >> find the rate solution for the challenges facing our state is not the task of one party or one house. >>reporter: already though democrat contract have introduced a constitutional amend tomorrow make changes to proposition 13. the landmark initiative that limits how property taxes are assessed and requiresthirds vote for any new taxes. state senator proposal asked voters to allow logical co
>>> good morning. we have developing news out of southern california. a big earthquake struck in the pacific ocean. we have the latest on possible tsunami warnings. >>> we are live in fremont where employees are set to meet earlier this morning where a fire destroyed their company yesterday. we'll have the latest. >>> they fake and they are here in the bay area. the scam that vallejo police are warning you to look out for. >>> clouds are increasing but what about any rain? would we get any out of this? and also as we head into the weekend. time now for the ktvu channel 2 morning news. >>> good morning. thank you for joining us on this friday morning, december 14th i'm pam cook. >> and i'm dave clark. let's check weather, traffic. steve you have pam wearing a sweater. >> it was cold yesterday. >> all day i was cold. >> it's cloudy out there right now. we had clear skies for awhile. a lot of that cold air is trapped. a little system coming down the coast. could be a little mixed presip. highs today very cool. mainly low 50s. here is sal. >>> good morning. right now traffic on in
for him. now, california bankrupt as you all know and this is one of the reasons why. the head of the highway patrol in california is a guy named jeff talbott. we believe he's a patriotic american. there he is. in his last year, 'cause he's retired now, jeff collected about a half million dollars in salary. half million dollars. okay? and he retired on $175,000 a year pension. jeff is a police officer. what are you laughing about? you don't think jeff deserves half million? >> god bless jeff. god bless everybody. i mean, the fact -- the season, god bless everybody. but when we have state patrol officers in the state of california walking away with 90% of their highest salary as their pension -- >> bill: they can't pay it. >> there is a reason they call california lala land. >> bill: that's the crux of the matter everywhere. pensions, over time, unions and the folks don't have enough money to pay it. am i oversimplifying it? >> you are simplifying it brilliantly. >> bill: we're sorry to pick on you, jeff. as i said, i believe he's a patriot. probable will he gave his whole caree
to consider reviewing the legal issues regarding same-sex marriage. that includes the challenge to california's controversial proposition 8. if the court refuses to do that-review the proposition 8 case same- sex marriage would be legal in california and same-sex couples could marry as soon as next week. the court also put the case on hold to review other cases put off a final decision on and on the law. the decision could come today or monday. >> and man is in serious condition this morning after falling from the upper deck of the oakland coliseum, during the first 30 minutes of last night's raiders game. the male victim fell about 30 ft. from the coliseum's upper deck of to the concrete below. >> oakley said they believe the fall was an accident. >> police in foster city are advising residents to secure their vehicles after nine separate all burglaries were reported this week. officers responded to as many as eight break-ins that occurred sometime between monday night and tuesday morning. the right car break-in was reported wednesday. most of these break into happen along shale boulevard an
really do. california tax pain could be arizona's gain. we talked to a mayor who's trying to lure businesses away from the formerly golden state. a reporter with the sporting news doesn't like tattoos. and says most quarterbacks do not have them. now, he's being labeled racist because of those remarks. we'll talk to him next hour. yeah, he's here. remember, we want to hear from you, send you e-mails varney@foxbusiness.com and please comment on tattoos. i personally hate them. now, seven early movers-- somebody is olling their eyes off camera. and pep boys post a loss on weak sales and down it goes. the drug maker jereon, says it has stopped developing its treatment for brain cancers and cut the work force by 40%, there it goes. and dividends for the next three quarters and all of them early, the stock is now up. and profit rises at the home builder, toll brothers and the company said new orders rose sharply. up goes the stock. and tellabs, another special cash dividend. up it goes. the medical supply company baxter is going to buy sweden's gambro he for about 4 billion dollars, d
of california are preparing for the worst filling sandbags as some rivers are expected to go over their banks. dominic is streaming live from petaluma, california with the latest. >> reporter: clear sky above me, 12 hours ago it was for en shl rain. that rain is in the ground and we're expecting it to come town streams and hit major river ways. napa valley, city of napa was expecting a crest of at least two feet to rise above the flood stage. back in 2005 the city of neep was hit very badly by floods. this time they are saying they can protect the city. take a listen. >>> because of the history of flooding in napa we have a good idea where the water will come out first. there are certain points and we can plan in advance. if this moment if the projections are accurate we'll probably looking at street flooding, intersections being flooded, nothing terribly serious. >> reporter: and caveat may be necessary. there are flash flood warning around the bay area. two flash points they are looking at truck key river in nevada because of low snow levels -- truckee river and the russian river in guernev
, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news point company fox. now sad news. and he's raised tax rates and he was elected based on his tax the rich pol
had argued recently. they leave behind a 3-month-old baby. >>> residents in northern california may finally be getting a break from a series of powerful storms that have saturated the region over the past week. a third storm sunday dumped pounding rain and downed trees and power lines. nbc's jay gray has the latest from california. >> reporter: this morning the water and worries continue to rise across central and northern california. for almost a week now, high winds and heavy rains have pounded the west coast. trees and power lines are downed, rivers and creeks pushed past their banks. >> everybody behind us has lost almost everything. everyone's been evacuated. it's horrible. i've never seen nothing like this in real life, never. >> reporter: it is an overwhelming reality for countless families. sandbagging, trying to protect what they could, but many were still forced to find higher ground. >> it is a helpless feeling. it is. >> reporter: the rain has thankfully turned to snow across the sierras and even at the lower elevations, many areas may finally get a bit of a break after
california. do you expect the governor to seek re-election in 2014? secondly in pennsylvania you are challenged to a republican governor and pennsylvania has a long tradition to have republican governors serve two-full terms. >> i think both california and pennsylvania are great opportunities for us. obviously the governor in california is doing a great job in california. he is making tough decisions i was impressed that he was able to win the referendum that that gave californians a choice that you can pay higher income tax to the yelt or you continue to slash educational -- he won that referendum. california voters voted for higher income tax on the wealthy in order to have an educated work force. that is huge. he does intend to run again. he's doing an extraordinary job out there. i was honored that he momed me to be a chair. we expect him to run and we expect him to win when he does run. we're excited about that race. in pennsylvania, another example of a tea party governor who isn't getting results. now, as you know the pennsylvania society met this weekend there is a lot of
a long time ago. >> 100 years ago they controlled the p.u.c., ran california. today it looks like pg&e is running the p.u.c. >> reporter: what does that mean for you? the average bill will go up 88 cents a month next year, followed by $1.36 a month the next year. >> our plan sought out to simply meet new standards put forward by the c. p.u.c. >> reporter: with upgrade rural mains are next and that will cost more, that will come up at 6:00 p.m., consumer editor tom vacar, ktvu channel 2 news. >> the p.u.c. approved $150 million in statewide research. that research will explore better safety of energy systems, better technology to monitor systems for safety and how to get the most reliable wind and solar energy. >> we think that any research project that is too risky to be funded for share holders is too risky to be funded by rate payer. >> that will cost 30 cents a month. >>> we are learning new information about a fatal shooting at a apartment complex today. it happened about 10:45 a.m. this morning. 30 minutes ago police released the identity of the victim. officers say he was gunne
for it. >> reporter: baykeeper, the state of california and the epa successfully sued nine bay area cities to get the work done. last year, bay keeper tracked three storm-related sewage spills that totaled more than 150 million gallons. >> there's not supposed to be rainwater in the sewage pipes. they are so broken up from earthquakes, from roots, from time. when get that done, the rainwater will stay out and we won't have any other big wet weather sewage overflows. >> reporter: it is a priority for the public. >> we need to take care of things that have to be taken care of. >> reporter: they are working with some of the cities to fix the bad pipes a job that's just beginning. >> he fix part of the pipes in some community -- we fix part of pipes in some communities, and they fix othe parts. >> reporter: it could take 20 to 30 years to complete the work so that we can be assured that no sewage leaks into the bay. it's going to take a long time. baykeeper says it will continue to monitor the situation and say the steps have to step it up. >> we are going to get a lot of rain before th
for rehab and bringing their son to southern california regularly to visit nadia it's a much different story for steve chick. there's a warrant for his arrest after he missed court appearance. police say he tried to steal a sweatshirt from macy while high on meth in august. i texted chick before the hearing today asking if he would attend. he answered not feeling like going to jail and they would take me if i showed. i can't get past this. the connection we had was so strong. less night i slept open the streets again. i lost everything because of her and the life she forced me into. this hole i am in is so deep i can't get out of. in the past i found the strength independent know pull myself together and get my life back quickly. i can't find that strength in me. just not ther there. what is there in steady is a welcoming that my end will be soon. i can't live like this. i tried to call chick several times to see if he's okay but got the voice mail. i'm posting screen shots of those detectives on our web site. nadia is still facing drug and child endangerment charges in souther
. >>> welcome back to "the kudlow report." in this half hour, you know, folks, california is one screwed up state. they want green rj energy which makes them double up on fossil fuels. they want a carbon tax and with a 52% rate i heard their businesses are fleeing to arizona. former mississippi governor haley barbour has been appointed to do an autopsy on gop losses last month. we are going to look at the forensic evidence on this one. first up, take a listen to this one. one of the many radio ads by the kept of agriculture encouraging people to sign up for food stamps. >> would you look at margie? she looks amazing. >> she sure does. >> i wonder how she stays so fit? what's her secret? >> well, she told me that food stamp benefits help her eat right and she stays active, too. >> guess what. unfortunately this is working. despite an improving economy and declines in unemployment we learned the number of people on food stamps is still soaring. this is government dependency at its worst. here now is the story. political reporter from the daily caller and margie omara. margie, i have to go to
air. again sitting comfortably in other projects in california that secretary lahood hood worked so hard on. the two senators were instrumental in making better and we in the house urged passage for the high speed rail in the central valley, whether it's mass transit, rail, high speed rail and terminal and presidio and others -- what is it? transit first? transit first. it's about jobs. it's about comcommerce. it's about quality of air. it's about quality of life and building consensus in america and by doing so and by listening and leadership from the white house we are able to be a model to the nation with projects of national significance so that other communities can follow our lead, and i join the mayor in seluting the leadership of president barack obama. without his leadership, his priorities, without the work that was done in appropriations committee and diane is a senior -- when i say senior i mean high ranking. i was a senior too so i take it as a complement but that's where a lot of this work is done so without president barack obama and his commitment to build
on same-sex marriage. hearing cases on the defense of marriage act and california's proposition 8. much more on that in a moment, and the busy week ends with some good news for america's workers and the president. a little christmas cheer some early. the u.s. economy generating a stronger than expected 146,000 new jobs in november helping trim the jobless rate to 7.7%. a four-year low. happy holidays, right? not if you're john boehner. >> this isn't a progress report because there is no progress to report. the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> yes, indeed, it's like a visit from the ghost of christmas past, casual friday edition. another positive month of jobs numbers, another glum assessment by bah humbug boehner. he couldn't even be bothered to put on a holiday tie to take up the case of mr. scrooge and the top 2%. as nancy pelosi asked, why, oh, why is congress on another recess when they could be extending tax breaks for the middle class just in time for christmas? >> this is a moment of truth, the clock is
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